Cardamom gains 0.5% on spot demand

Restricted arrivals influence prices

Cardamom prices rose Rs 4.90 to Rs 992 per kg in futures trade today as traders enlarged their positions, driven by a pick up in spot market demand.

Tight stocks position following less arrivals from producing regions influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in in October rose by Rs 4.90, or 0.50%, to Rs 992 per kg, with a business turnover of 374 lots.

November cardamom edged up by Rs 3.30, or 0.32%, to Rs 1,021 per kg, with a business turnover of 29 lots.

Marketmen attributed the rise in cardamom futures to pick up in spot market demand against restricted arrivals from producing belts.